Getting ready to sell your New Mexico home? Here’s how long you can expect it to take — and some tips on how to speed things up (and still get a great price).
- In 2022, the average time it takes to sell a home in New Mexico — from listing through closing — is approximately 92 days. That’s 57 days to get an offer, plus the typical 35-day closing period.
- Key factors that impact New Mexico home sale timelines include local market conditions (e.g., buyer demand, job market, rising home values, etc.), time of year, and your property’s type and condition.
- Your agent’s listing strategy (pricing, marketing, networking, etc.) and the buyer’s financing situation — i.e., the amount of time it takes for them to secure loan approval — will also influence how long your sale ultimately takes.
Read on to learn more about how long it takes to sell a house in New Mexico and get some pro tips on how to speed up your sale, get better offers, and save thousands in the process.
Editor’s Note: The data in this article may be slightly skewed because of COVID-19’s disruptive effect on real estate trends. See the table at the end of this article to compare data from before and after the pandemic and see how drastically trends were affected in your state. |
What’s the average time to sell a house in New Mexico?
Average Time to Sell* | Average Price* | |
|---|---|---|
National | 83 days | $414,950 |
New Mexico | 92 days | $374,028 |
*Based on Realtor.com data (February 2023) | ||
The average time it takes to sell a house in New Mexico is 92 days — 57 days to get an offer and an additional 35 days to close. This is approximately 10.8% slower than the national average.
Keep in mind that these are annual averages and the numbers will vary by month and/or season.
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Best time to sell a house in New Mexico
In addition to the average days on market and list price data, we’ve compiled data on the BEST (and worst) times to sell your New Mexico house based on what’s most important to you:
- Fastest Time to Sell: When should you list your home if you’re looking to sell quickly?
- Highest Sale Price: What month should you list in to get the best possible price for your home?
Best month to sell a house fast in New Mexico
Month* | Days on Market* | |
|---|---|---|
Best Month | May | 41 days |
Worst Month | January | 78 days |
*Based on Realtor.com data (February 2023) | ||
The best month to sell a house fast in New Mexico is May. The median time it takes for New Mexico homes listed in May to sell is 41 days, which is 16 days faster than the annual average.
» READ: How to sell your house fast
Best month to sell a house in New Mexico for price
Month* | Average Price* | |
|---|---|---|
Best Month | October | $374,950 |
Worst Month | November | $299,950 |
*Based on Realtor.com data (February 2023) | ||
The best month to sell a house in New Mexico in terms of sale price is October. The median sale price in October is $374,950, which is 9.3% — or $32,038 — more than the annual average.
Tips to get your New Mexico home sold
1. Price your home competitively
Nothing can kill the home sale like an overpriced, inflated number. A local real estate agent will provide a competitive market analysis (CMA) so you can get a better feel for what homes nearby sell for. Ensuring yours is priced to sell and to make you a profit.
2. Paint
If you need to sell fast, you might not have a ton of time for an entire overhaul or revamp. Check out trending color palettes and paint rooms accordingly. This inexpensive update can work wonders for the image of the home.
3. Xeriscape your lot
The first thing potential buyers see is the yard. New Mexico lacks water and precipitation. A lush yard that requires lots of watering may be a turnoff. Native desert plants that thrive in arid climates could be the ticket to increasing curb appeal.
4. Stage your home to sell
Hire a professional stager to use your furniture and décor, or rent a storage unit and store your stuff while the stager furnishes your home with neutral, appealing pieces.
5. Be accommodating
A flexible schedule will allow you to set tours, open houses, and private showings. The more people that see your home, the greater your chances are of selling.
Next steps for New Mexico home sellers
If you’re looking to sell your home fast in New Mexico and get a great price, Clever Real Estate can match you with a top local realtor from a trusted brand like Keller Williams or RE/MAX.
Clever also negotiates reduced 1.5% listing fees on your behalf. You'll get guaranteed full service and support from your agent, but pay a third of the 3% listing fee most realtors charge.
Importantly, home sellers who list with Clever get their first qualified offer in an average of 24.1 days* — that’s 33 days faster than the average time to offer in New Mexico. Find a top local agent and get a 1.5% listing fee now!
*Average time to offer for Clever home sellers
Average time to sell a house in New Mexico: 2019-2021
2019* | 2020* | 2021* | |
|---|---|---|---|
Average Time to Sell in New Mexico:^ | 83 days | 74 days | 57 days |
National Average:^ | 67 days | 65 days | 48 days |
Average Listing Price in New Mexico: | $253,160 | $274,142 | $295,535 |
National Average: | $311,707 | $334,043 | $373,644 |
Best Month for Speed in New Mexico:^ | June, with an average of 48 days on market | September, with an average of 59 days on market | August, with an average of 48 days on market |
Best Month for Price in New Mexico: | July, with an average sale price of $260,000 | September, with an average sale price of $285,450 | October, with an average sale price of $311,000 |